Should we cut Social Security now, or later, or never?

Republican presidential candidate Rick Santorum surprised a lot of voters last week by calling for immediate cuts to Social Security benefits.

According to the AP, Santorum said, ” ‘ We can’t wait 10 years (even though) everybody wants to’. … Politicians typically suggest phase-in periods of up to a decade when broaching the topic of changing Social Security to avoid grievous consequences from angering older voters.”